Data prediction for better customer outcomes -AssignIQ uses rich data sets that predict the cost and time outcomes of appraisals.
AssignIQ lets you get ahead of potential delivery delays, and issues, but guiding clients upfront about the difficulty of a property appraisal.
AssignIQ is designed to assess and predict the complexity of a wide range of property types, however it is only relevant to residential real estate properties, based on a corpus of prior residential property data.
While AssignIQ primarily predicts appraisal complexity, its insights can guide lenders and AMCs in allocating the right resources, adjusting fees appropriately, and managing timelines for high-complexity appraisals effectively.
By providing upfront insights into appraisal complexity and its impact on the process, AssignIQ enables lenders to set realistic expectations for borrowers, significantly enhancing the overall customer experience.
AssignIQ is available as part of the JaroDesk platform. Book a demo to see how it can work for your company today.
AssignIQ streamlines the appraisal ordering process by offering early insights into potential complexities, allowing for better planning, accurate fee estimation, and improved turnaround times, thus optimizing operational efficiency.
The AssignIQ scoring system is highly accurate, employing advanced linear regression analysis to assess property complexity. It has been rigorously tested and refined to ensure its predictions reliably reflect real-world appraisal challenges.
AssignIQ leverages a variety of data sources, including historical appraisal data, current market trends, property characteristics, and the availability of appraisers in the area. This comprehensive approach ensures accurate complexity predictions.
Yes, AssignIQ is a fully integrated feature of JaroDesk, providing a seamless experience for managing property appraisals, combining order workflow with predictive tools.
Properties are categorized into five complexity brackets based on their score: Easy (lowest 50%), Moderate (next 25%), Hard (next 15%), Very Hard (next 5%), and Exceptionally Hard (top 5%). This helps in understanding the effort and time required for an appraisal.
Both lenders and AMCs benefit from AssignIQ's predictive capabilities, particularly valuable for streamlining the appraisal process, reducing inaccuracies, and improving client satisfaction through better fee management and realistic timeline expectations.